S&P may upgrade Amdocs ratings

CarolynPritchard

SAN FRANCISCO (MarketWatch) -- Standard & Poor's Ratings Services on Thursday affirmed its BBB-corporate credit and senior unsecured ratings on telecom billing company Amdocs Ltd.
DOX, +1.68%
and revised the outlook to positive from stable. The agency said the outlook revision reflects its expectation that profitability measures will improve over the intermediate term as recent acquisitions that have broadened its business profile are digested, restructuring actions take hold, and as the telecom industry stabilizes somewhat. "The ratings on Amdocs reflect challenging market conditions in the telecom industry," S&P credit analyst Philip Schrank said in a statement.

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